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Tag: banks

A stock broker sits in front of a falling share price index.

Analysis: Bank Bailouts Aren’t the Start of Another Global Crisis. But They Should Still Have Us Worried

by James Meadway

Bank bailouts at Credit Suisse and SVB are probably not the start of another global financial crisis, writes James Meadway. But one infamous pattern from 2008 looks set to repeat.

Report: A Union in Lebanon is Supporting Armed Bank Holdups

by Habib Battah

A union in Lebanon is representing people who are marching into banks with real or toy weapons to demand their money. Habib Battah reports.

Planet B: Yanis Varoufakis on Bringing Down the Bankers

We can only halt climate breakdown if we unseat the oligarchs, says the Greek politician.

Rishi Sunak budget

Opinion: Austerity May Be Over, but the Tories Still Aren’t Spending Enough

by James Meadway

With this year's budget, the Tories may have ended austerity, but the spending increases they are proposing aren't nearly enough to undo the damage they have wrought through a decade of brutal cuts.

image of a crowd of protestors in london with pink and red signs reading "sex work is work", "outlaw poverty not prostitutes", "rights not raids" and "soho says: safety for sex workers"

Report: OnlyFans’ Ban – and Its Suspension – Shows That Banks Have a Chokehold on Sex Work

by Marin Scarlett

A muddled legal landscape provides the perfect cover for financial institutions to discriminate with impunity, writes Marin Scarlett.

HSBC bank

Opinion: FinCEN Files: We Must Challenge HSBC and Its Grip on Our Media and Institutions

by Nicholas Wilson

The FinCEN files revealed that Britain's biggest bank facilitated an $80m Ponzi scheme, knowingly allowing criminals to move money around the world. This isn't a surprise, writes Nicholas Wilson: the bank has a long history of corruption.

Wonga Might Be Uniquely Unscrupulous, But the Whole Commercial Banking System is Out to Get Us

by Grace Blakeley

With infamous payday lender Wonga on the brink of collapse, Grace Blakeley argues the company's business model may seem uniquely exploitative but its practices are merely an extreme version of a more general trend.

A Measly Fine for RBS Shows Just How Little We’ve Learnt From the Financial Crisis

by Grace Blakeley

Today the Royal Bank of Scotland agreed to pay a settlement of just $5bn to the US government over its activities in the run up to the financial crisis. Grace Blakeley explains why issuing fines to the ‘bad’ banks won’t do anything to curb the voracious greed upon which our financial system is built.

Why Isn’t Anyone Talking About Banks in This Election?

by Paul Williams

The economic chaos prompted by the 2008 financial crash was a key narrative in the 2010 election, and the links between the financial services sector and government featured heavily in the campaigns of 2015. Why has this year's election seen so little mention of banking?

PFI, the Banks, and the People Uncovering the Biggest Threat to the NHS

by Joel Benjamin

This election is being dominated by discussion of the national books and the future of the NHS. Curious then that the big issue connecting the two - the Private Finance Initiative - hardly features in the papers or debates.